Sturdy Industries reports standalone net loss of Rs 9.04 crore in the March 2018 quarter

Capital Market 

Sales decline 34.14% to Rs 45.76 crore

Net loss of reported to Rs 9.04 crore in the quarter ended March 2018 as against net profit of Rs 11.60 crore during the previous quarter ended March 2017. Sales declined 34.14% to Rs 45.76 crore in the quarter ended March 2018 as against Rs 69.48 crore during the previous quarter ended March 2017.

For the full year,net loss reported to Rs 25.09 crore in the year ended March 2018 as against net loss of Rs 2.71 crore during the previous year ended March 2017. Sales declined 47.30% to Rs 210.06 crore in the year ended March 2018 as against Rs 398.58 crore during the previous year ended March 2017. ParticularsQuarter EndedYear EndedMar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var.Sales45.7669.48 -34 210.06398.58 -47 OPM %-48.51-0.71 --17.970.83 - PBDT-7.5412.34 PL -19.084.15 PL PBT-9.0411.60 PL -25.09-2.71 -826 NP-9.0411.60 PL -25.09-2.71 -826

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First Published: Wed, June 20 2018. 15:59 IST